Peninsula Asset Management Inc. Sells 440 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Peninsula Asset Management Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,818 shares of the company’s stock after selling 440 shares during the quarter. PepsiCo accounts for 2.0% of Peninsula Asset Management Inc.’s holdings, making the stock its 20th biggest holding. Peninsula Asset Management Inc.’s holdings in PepsiCo were worth $3,774,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Collier Financial bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the 4th quarter worth $30,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo in the 3rd quarter worth about $31,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $34,000. Finally, Human Investing LLC bought a new stake in shares of PepsiCo during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $170.00 in a report on Wednesday. Morgan Stanley lowered their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Evercore ISI reduced their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $170.59.

PepsiCo Trading Up 0.2 %

NASDAQ PEP opened at $148.59 on Friday. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The business’s fifty day moving average is $148.76 and its 200-day moving average is $160.10. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $203.79 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.78 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. PepsiCo’s dividend payout ratio is presently 77.99%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.